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Presently, procurement of paddy is going on for Kharif 2020-21. This season, you can earn a good income by installing a rice processing unit. The government will also help you in starting this business.
- Last Updated:November 6, 2020, 9:47 AM IS
Will need so much space
A profile of several projects has been prepared by the Khadi and Village Industries Commission. Based on these profiles, you can apply for a loan by preparing a report of your project. According to this report, if you want to start a rice mill, also known as a paddy processing unit, then you have to rent a shed of about 1000 square feet.
Also read: Start a strong business with profits, you will earn up to 70 thousand rupees every month!After this, you will have to buy Paddy Cleaner with Dust Bowler, Pada Separator, Paddy Diusker, Rice Polisher, Bran Processing System, Aspirter. It is estimated that about 3 lakh rupees can be spent on all these. Apart from this, about 50 thousand rupees have to be kept as working capital. In this way you can start a rice mill for Rs 3.50 lakh.
How much will it cost
To start this business you will have to spend 3.50 lakh rupees. Apart from this, if you do not have that much money to invest in business, then you can take a Mudra loan. The government gives you 90 percent loan facility in it. That is, you can start this business by applying only 35000 rupees.
Will get 90 percent support
If you want to get financial support from the government, then you can apply for a loan under the Prime Minister Employment Generation Program (PEGP). Under this scheme loans up to 90% are given. The loan can be applied online. Click on this link – https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp
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How will you earn
Under the project, you process about 370 quintals of rice. Its cost of production will come to about 4.45 lakh rupees, while if you sell all the goods further, your sales will be around 5.54 lakh rupees. That is, you can earn up to about 1.10 lakh rupees.